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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 29, 2010
CHATHAM LODGING TRUST
(Exact name of Registrant as specified in its charter)
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Maryland
(State or Other Jurisdiction
of Incorporation or
Organization)
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001-34693
(Commission File Number)
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27-1200777
(I.R.S. Employer
Identification No.) |
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50 Cocoanut Row,
Suite 216 |
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Palm Beach, Florida
(Address of principal executive offices)
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33480
(Zip Code) |
(561) 802-4477
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed from last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01. |
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REGULATION FD DISCLOSURE. |
On September 29, 2010, Chatham Lodging Trust (the Company) issued a press release announcing that
its board of trustees had declared a dividend of $0.175 per common share of beneficial interest for
the quarter ending September 30, 2010. A copy of such press release is furnished as Exhibit 99.1 to
this report.
The Company declared a dividend of $0.175 per common share of beneficial interest for the quarter
ending September 30, 2010. The third quarter dividend will be paid on October 29, 2010 to common
shareholders of record on October 15, 2010.
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Item 9.01. |
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Financial Statements and Exhibits. |
(d) Exhibits.
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Exhibit |
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Number |
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Description |
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99.1 |
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Press release dated September 29, 2010 |
The information contained in the press release attached as Exhibit 99.1 to this report shall not be
deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section. Furthermore, the information contained in the press
release attached as Exhibit 99.1 to this report shall not be deemed to be incorporated by reference
in the filings of the registrant under the Securities Act of 1933.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CHATHAM LODGING TRUST
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Date: September 29, 2010 |
By: |
/s/ Dennis M. Craven
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Dennis M. Craven |
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Executive Vice President and
Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
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99.1 |
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Press release dated September 29, 2010 |
exv99w1
Exhibit 99.1
For Immediate Release
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Contact:
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Jerry Daly, Carol McCune
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Dennis Craven |
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Daly Gray Public Relations
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Chief Financial Officer |
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(Media)
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(Company) |
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jerry@dalygray.com
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dcraven@cl-trust.com
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(703) 435-6293
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(561) 227-1386 |
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Chatham Lodging Announces First Dividend
PALM BEACH, Fla., September 29, 2010Chatham Lodging Trust (NYSE: CLDT), a hotel real
estate investment trust (REIT) focused on upscale extended-stay hotels and premium branded
select-service hotels, today announced that its board of trustees has declared a common share
dividend of $0.175 for the 2010 third quarter. Based on the companys $20 IPO price in April and
the closing price of the common shares at the close of business on September 28, the annualized
dividend represents a yield of approximately 3.5 percent and 4.0 percent, respectively.
As expected, our current hotels are producing sustainable cash flow that gives our Board of
Trustees the confidence to start paying a dividend five months after our IPO, said Jeffrey H.
Fisher, Chathams chief executive officer. We are on schedule to close on our $85 million line of
credit and complete our 12th and 13th acquisitions, and our pipeline remains
very active as we continue to source attractive opportunities.
The common dividend is payable October 29, 2010, to shareholders of record on October 15,
2010.
About Chatham Lodging Trust
Chatham Lodging Trust is a self-advised real estate investment trust that was organized to
invest in upscale extended-stay hotels and premium-branded select-service hotels. The company
currently owns 11 hotels with an aggregate of 1,381 rooms/suites in eight states and has two
additional hotels under contract to purchase. Additional information about Chatham may be found at
www.chathamlodgingtrust.com.
This press release may contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements
regarding acquisitions, capital expenditures, future operating results and the timing and
composition of revenues, among others, and statements containing words such as expects,
believes or will, which indicate that those statements are forward-looking. Except for
historical information, the matters discussed in this press release are forward-looking statements
that are subject to certain risks and uncertainties that could cause the actual results or
performance to differ materially from those discussed in such statements. Additional risks are
discussed in the companys filings with the Securities and Exchange Commission.